Transferbank, one of the leading international payment and receipt platforms in Brazil, launched the Exchange Guide, the first Artificial Intelligence (AI) focused on optimizing currency exchange operations in the country. The tool promises to increase the efficiency of financial institutions, complying with Brazilian legislation.
In Brazil, foreign exchange operations can only be carried out by institutions authorized by the Central Bank (Bacen). Each international transaction must be classified with a specific code to ensure legal compliance. The Exchange Guide was developed to simplify this process, allowing banks, brokerages, and other companies to quickly consult classifications, required documentation, and regulatory basis.
Luiz Felipe Bazzo, CEO of Transferbank, highlights that the new tool is a great ally in the operation of buying and selling foreign currencies. "The technology offers a significant benefit to the national financial market, which still faces challenges with complex manual processes and high bureaucracy, especially regarding compliance decisions," he states.
Although the New Legal Framework for Exchange defines that the indication of the classification code is the client's responsibility, the complexity of the process still requires technical support. The Exchange Guide helps financial institutions streamline this service, allowing inquiries of all classifications defined by Bacen, whether through browsing or searching by description, object of the operation, or code. The platform suggests the necessary documentation and informs about the applicable taxes.
The tool also includes an interactive chat with Generative AI, allowing clients to ask questions about legislation, taxes, and regulations. Users can input real foreign exchange activity scenarios to receive recommendations on the appropriate purpose to use.
Rafagan Abreu, CTO of Transferbank, emphasizes that the platform is "completely intuitive". "The system offers a user-friendly and easy-to-use interface, anchored in an advanced database to bring more security and efficiency to different types of exchange operations," he explains.
The Câmbio Guide is already integrated into Transferbank's exchange platform and its white label versions, serving clients such as Mirae Asset, Corretora Dourada, Mapa Câmbio, and Nord Investimentos. The solution offers a personalized experience, maintaining the visual identity of the brands, and targets banks, brokerages, multi-family offices, and offices of independent investment agents, such as those accredited by XP and BTG. Each office has a unique link for currency exchange registration, ensuring that all clients are properly tracked and associated with the office and the specific advisor.
With the arrival of the Exchange Guide, the Brazilian foreign exchange market is expected to undergo significant changes in the coming years. For the CEO of Transferbank, the professionalization of the sector with new technologies and solutions that streamline foreign exchange operations are the main trends.
"Innovative platforms like this bring smart features to reduce costs related to mechanical tasks, whether concerning potential human errors or training," reinforces Bazzo. "The digitization of the segment represents an important step for the 'future exchange,' which involves quick and accurate decision-making," he concludes.
